FOLLOW THE MONEY

Again? Feds printing and spending more

Exclusive: Jerry Robinson explains what you should know about QE4

Published: 12/17/2012 at 9:54 PM

It’s never a good sign when economist, columnist, radio host and international conference speaker Jerry Robinson of “Follow the Money Weekly” launches his commentary, “Just when you thought the Federal Reserve couldn’t inflict any more damage to the U.S. economy.”

That’s the subject of his Follow the Money podcast this week.

“So, how much money will the Fed pump into the U.S. economy this time around?” Robinson asks. “The Fed will begin purchasing $45 billion per month of U.S. Treasury bonds.”

He said that’s on top of the “quantitative easy” No. 3, which has the Fed purchasing mortgage-backed securities at the rate of $40 billion per month.

“That means that beginning in January 2013, the Fed will be creating a total of $85 billion in new money each and every month – or $1 trillion per year,” Robinson wrote.

“To address the question of how long this new round of monetary policy will last, the Fed announced two new targets: a 6.5 percent unemployment rate and a 2.5 percent inflation rate,” he said.

” Through these two explicit targets the Fed has confirmed that its aggressive monetary policy and zero interest rate policy will continue until the official unemployment rate is lower than 6.5 percent and as long as 24 month projected inflation rates remain below 2.5 percent.”

Tom McCloud delivers the precious metals market update, also discussing what moves by the Federal Reserve mean to gold and silver. And special guest Marc Krieger – a former Alaskan who fled the tyranny of the U.S. government and has lived in New Zealand since 2010, talks about the impact of that decision.

Jay Peroni, a certified financial planner, talks about the five types of stocks used by the wealth, and John Bearss explains what’s better: paying off debt or saving money.

Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, “Follow the Money Quarterly.”